Operational risk as a problematic triad: risk, resource security, business continuity

This book delves into the author's comprehensive examination and insights into the interconnected themes of "Operational Risk, Resource Security, and Business Continuity." These themes have been consistently explored in the author's previous works and are now synthesized into a coherent analysis. The author proposes that understanding risk, along with the integrated perspectives of security and continuity, is crucial for deciphering modern management challenges.

The book outlines several core reasons supporting this perspective. By dissecting risk, it sheds light on the inherent unpredictability of actions, while strategic planning for security offers methods to enhance this predictability. Moreover, the emphasis on business continuity reflects the fundamental human drive to maintain operation capabilities even in the face of adversity.

There is a growing trend that revives the resource-based approach. Although there is some critique regarding its strategic application, the analysis of business continuity underscores its importance. This is due to the fact that disruptions in continuity often lead directly to resource loss or diminished control over them, which frames the methodology for securing resources and maintaining continuity.

Scientific advancements, especially those addressing the noted delays in developing concrete principles for operational risk management, offer an opportunity for deeper investigation within management sciences—an area that has yet to fully embrace these issues. The positioning of the "Operational Risk, Resource Security, and Business Continuity" triad within this discipline prompts significant inquiry into its rightful place and scope.

The book argues for a formalized framework within management theory for this triad, emphasizing the necessity for establishing a structured system of concepts, guiding conduct, and management principles tailored to these interconnected challenges.